News

Société Générale and Barclays have launched a combined total of 28 exchange-traded notes (ETNs) on the London Stock Exchange (LSE).

Meteor Asset Management says it has now received the missing money which was delaying dividend payments on two NDFA plans.

The ranks of businesses awarded chartered status swelled by 23% in 2009, the Chartered Insurance Institute (CII) reports.

The FSA has fined the London branch of Commerzbank £595,000 for failure to provide accurate transaction reports.

Less than half of UK savers are prepared to pay fees for financial advice in findings which will be seized on by the anti-RDR lobby.

The finance director of Royal Liver Assurance (RLA) was sacked over claims he made unauthorised payments worth millions to an advisory business run by a former colleague.

The FTSE 100 opened lower in early trading, falling 0.24% or 13.76 points to 5740.09, despite a raft of positive earnings announcements.

The Lloyds Banking Group, the 41% taxpayer-owned institution, has returned to profit in the first three months of the year.

Prudential's largest shareholder, the Capital Group, is eying a potential break-up of the insurer as a radical alternative to its $35.5bn AIA acquisition.

Congressional investigators yesterday accused Goldman Sachs of taking a "net short" position in the US mortgage market in 2007 that enabled it to benefit from the bursting of the housing bubble.